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Ranieri of Northmarq completes $22 million refinance of Springvale Apartments
August 23, 2022
Croton-on-Hudson, NY Robert Ranieri, senior vice president/managing director of Northmarq’s White Plains debt/equity office, completed the $22 million refinance of Springvale Apartments. The 31-building/524-unit 55+ senior housing property
Jefferson appointed senior vice president, chief people officer at Community Preservation Corp.
August 23, 2022
New York, NY According to The Community Preservation Corp. (CPC), a leading nonprofit multifamily finance company, Monique Jefferson has been hired as its new senior vice president, chief people officer.
Picking the right Delaware Statutory Trust company - Part 3 - by Dwight Kay
August 23, 2022
Investors often must juggle multiple investment options, like where to invest and with whom. When it comes to evaluating a Delaware Statutory Trust or DST investment, real estate investors should look for a firm that
GFP Real Estate secures 4 leases totaling 12,450 s/f
August 23, 2022
Manhattan, NY GFP Real Estate, LLC completed four new lease transactions totaling 12,450 s/f at 505 Eighth Ave. in Midtown. In the first transaction, Greystone & Co. renewed its lease of
Walker & Dunlop’s New York Capital Markets team structures $388.4m financing from Bank of America
August 23, 2022
Brooklyn, NY Walker & Dunlop, Inc.’s New York Capital Markets team structured $388.4 million in financing from Bank of America for The Brook, a development consisting of 448,000 rentable s/f of
Heat up your prospecting efforts with these three hacks - by Rod Santomassimo
August 23, 2022
With summer coming to an end and school getting ready to open, it’s a great time to get back to building up your pipeline after some well-deserved downtime.
JLL arranged $176 million construction financing for Domain Companies; Bank OZK provides loan
August 23, 2022
Brooklyn, NY JLL Capital Markets arranged $176 million in construction financing for 420 Carroll St., a ground-up development of a 360-unit, class A multi-housing property in the
Cohen of Ashlind Properties negotiates 10,860 s/f lease
August 23, 2022
Hauppauge, NY Richard Cohen, president of Ashlind Properties consummated a lease transaction between landlord Maltz Properties Corp and tenant Triple Crown Warehouse for a
Jack Resnick & Sons completes 173,618 s/f lease for Edelman with CBRE
August 23, 2022
Manhattan, NY Jack Resnick & Sons completed a 173,618 s/f, 15-year lease renewal at 250 Hudson St. with global communications firm Edelman.
Silverstein Properties leases 109,234 s/f to New York City Housing Development Corp.
August 23, 2022
Manhattan, NY According to Silverstein Properties, the New York City Housing Development Corp. (NYCHDC) signed a long-term lease totaling 109,234 s/f at 120 Broadway, a 40-story, class A office building.
Seelenfreund of Cleeman Realty Group brokers $12.677 million off-market sale in Tonawanda
August 23, 2022
Tonawanda, NY Cleeman Realty Group handled the $12.677 million off-market sale of a free-standing Tops Supermarket. The grocery store is located in Buffalo-Niagara Falls MSA off the
Innovo Property Group secures $435 million loan from Starwood Property Trust and JPMorgan
August 23, 2022
Queens, NY Innovo Property Group (IPG), a leading NYC-based real estate investment and operating company founded by Andrew Chung and backed by Nan Fung Group, closed on a $435 million loan from
LRS Architects designs The Columbia at Vancouver Waterfront
August 9, 2022
Vancouver, WA LRS Architects has completed its design work for a new apartment complex as a part of the revitalized Vancouver Waterfront, The Columbia. The seven-story, 300,000 s/f complex is a 248-unit U-shaped building with unobstructed views of the Columbia River and access to a variety of amenities
SGA completes internal ownership transition and expansion of leadership team
August 9, 2022
New York, NY SGA - an award-winning architecture, design and planning firm specializing in life sciences, corporate and academic design - completed an internal transition of ownership and expansion of its leadership team. The firm will now be led by equal majority owners: president of
Largo arranges $18 million loan for Hampton Inn & Suites in Naples, FL
August 9, 2022
Naples, FL Kevin Coscia, managing director at the Largo Group of Companies, secured a $18 million, 75% LTC construction loan for a 124 key Hampton Inn & Suites. Naples is currently experiencing a population boom and record-breaking tourism. The greater Naples area has grown
Churchwick Partners and Rockledge execute off-market purchase of 122 Key Woodspring Suites in Davenp...
August 9, 2022
Davenport, IA In conjunction with Churchwick Partners, David Kaye and Joe Listhaus of Rockledge purchased the 122 Key Woodspring Suites Davenport Quad Cities in an off-market transaction, adding to their hospitality portfolio. This marks the 13th extended stay hotel purchased by the group in 2022, and their 11th state nationwide. This purchase has pushed the group’s key count to over 1,600.
Faropoint secures $1.6 billion in funding through credit facilities
August 9, 2022
Hoboken, NJ Faropoint, a leading real estate investment management firm focused on last-mile properties in high population growth markets, has secured $1.57 billion in funding over the past 14 months through several credit facilities. The facilities were led by KeyBank, as Left Lead
HLC Equity completes sale of multifamily community - Toscana Apartments
August 9, 2022
Carrolton, TX HLC Equity, a multigenerational real estate investment management company, has completed the sale of Toscana Apartments, a 192-unit multifamily community. HLC acquired Toscana in 2017 for $13.25 million and was able to deliver returns significantly above original projections to its
Brix Real Estate Advisors deliver $4.7 million multifamily property sale
August 9, 2022
New York, NY Brix Real Estate Advisors, a Westchester-based commercial real estate firm, has successfully brokered the $4.7 million sale of a 30-unit multifamily building located at 2820 Middletown Rd.
Berkley Insurance Company has renewed its 60,000 s/f office lease at JLL's 757 Third Ave.
August 9, 2022
New York, NY According to JLL, BentallGreenOak has renewed Berkley Insurance Company’s lease at 757 Third Ave., a 504,953 s/f office building owned by BentallGreenOak. Berkley Insurance Company will continue to occupy